For that level of earnings growth, you would expect to pay a large ransom. But Koninklijke Philips trades today at only 23 times 2015 estimates of $1.06 a share. True, that's six points higher than the S&P 500, but few S&P 500 stocks are projected to grow earnings at a five-year annual rate of 35%. At the same time, Philips pays a 22.25-cent quarterly dividend that yields 3.63% annually -- 1.6 percentage points higher than the S&P 500 index.